They analyzed 1500 memecoins, their results:
- 1000 went to zero.
- 100 are trading 90% less.
- 800 fell 70% in one week.
- Only 10 did 10X.
99.99% of the 1.7 million meme coins launched on Solana’s Pump Fun never reached a market capitalization of even a million dollars.
According to Coinwire’s analysis of 377 influencers with at least 10,000 followers on X, promoters with more followers performed worse than those with smaller audiences.
The most popular influencers convinced more people to view - and presumably buy - the worst investment they could.
Confessions
Sources and links
https://coinwire.com/76-percent-twitter-influencers-promote-dead-memecoins-study/
https://protos.com/research-finds-less-than-0-002-of-pump-fun-memecoins-succeed/
https://protos.com/solana-pre-sale-meme-coin-founders-abandon-their-crashing-projects/